#Trump warned #CreditCard crackdown will trigger #FinancialCrisis for millions

Story by Melissa Lawford, Tom Saunders, 1/12/2026

“Consumers denied credit cards will be forced to turn to loan sharks whose rates and terms will be vastly worse for borrowers.”

The BPI said the cap would 'be devastating for millions of American families and small business owners … the very consumers this proposal intends to help'. The ABA said the move would push consumers towards 'less regulated, more costly alternatives'." [Like #PayDayLoans!]

https://www.msn.com/en-us/money/markets/trump-warned-credit-card-crackdown-will-trigger-financial-crisis-for-millions/

#TrumpSucks #USPol #HungerGames

The Forever Debt: Payday Loans & Predatory Lending | deep dive$

https://peertube.gravitywell.xyz/w/8Qew9bDq1onQD6oe43sErn

Predatory Lending: Last Week Tonight with John Oliver (HBO)

https://peertube.gravitywell.xyz/w/2JWxrvtFeUzS6HX1ChH6dA

https://substack.com/@kelsea53/note/c-165604492

#Capitalism #Economy #DemocraticSocialism #Socialism #Boycott #NationalStrike #Activism #Resist #Protest #authoritarianism #Fear #USPol #PayDayLoans #CharlieKirk #Corporations #Labor #Corporatocracy #Oligarchy #ICE #bureaucracy #Organized #Politics #Jobs #Billionaires #Citizens #NoKings #Wallet #CreditCards #Credit #Cars #Homes #RealEstate #Rent #Mortgage #Choice

$300 payday loan → $660 in fees → still owe $300

Payday loans look like short‑term cash advances, but they’re made to trap:

$45 fee every two weeks (≈ 391% APR)

Balance never drops unless you pay extra toward principal.
After 16 weeks: $360 in fees, and you still owe the original $300

Even if you manage $50 toward principal each period, you still pay $450 total - but at least you’re free in 16 weeks.

Legal loan‑sharking. Plain and simple.

#PaydayLoans #PersonalFinance #DataViz #Bamlytics

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